USA: Lidl considering Texas openings
Lidl, the German retail giant that is part of the Schwarz Group, is earmarking parts of the southern USA for its initial wave of stores in North America, according to a report in the Houston Business Journal. In addition to the eastern US, where Lidl has centred its planned foray into the US market, the discounter is […]
Canada: Gay Lea Foods acquires Stirling Creamery
Gay Lea Foods, a Canadian dairy co-operative has decided to acquire fellow Canadian dairy firm Stirling Creamery for an undisclosed amount. In a press release, Gay Lea Foods stated that the purchase is aimed to build upon its existing butter operations in Ontario as well as create long-term growth for the Canadian dairy industry. Stirling […]
USA: Mars to launch M&M’s Caramel
Mars, the US food giant, has announced the launch of a new Caramel flavour variant of its M&Ms chocolates available from late May 2017. According to the firm, M&Ms Caramel will feature a smooth caramel centre covered in M&M’S brand milk chocolate and coated in a colourful candy shell. “Chocolate and caramel is such a […]
USA: PepsiCo interested in acquiring KeVita – reports
PepsiCo, the global soft drinks and snacks firm, is showing interest in making a deal to acquire US probiotics drinks firm KeVita, according to a report in Reuters quoting “people familiar with the matter”. Any deal would reportedly be through PepsiCo’s Naked Emerging Brands venture, the objective of which is described as expanding the company’s […]
Canada: Constellation Brands Canada acquired by Ontario Teachers’ Pension Plan
The Canadian wine business of US-based international beer, wine and spirits producer and distributor Constellation Brands is to be acquired by institutional investor Ontario Teachers’ Pension Plan for approximately C$1.03 billion ($782.5 million). Operating in the US, Canada, Mexico, New Zealand and Italy, Constellation Brands is described as the market leader in Canada with almost […]
USA: Campbell Soup launches Garden Fresh Gourmet fresh soups
Cambell Soup, the US consumer goods firm, is launching a new range of soups under its recently acquired Garden Fresh Gourmet brand. The refrigerated soups come in the varieties Chicken Noodle with Kale, Chicken Tortilla with Roasted Chillies, Broccoli Cheddar with Parmesan and Tomato with Parmesan. The launch of the new soup line marks an […]
USA: General Mills to expand cereal plant
General Mills, the US food giant, is investing $25 million to expand production of its Chex branded cereal in the USA, according to a report in Food Business News. The funds are slated for the firm’s facility in Buffalo, NY, which is described as the firm’s oldest cereal factory in the USA, and will be used […]
Canada: Premium Brands acquires Belmont Meats
Premium Brands, a Canadian producer, marketer and distributor of branded food products, is acquiring Ontario-based meat firm Belmont Meats for C$49.2 million ($37.1 million) in cash and C$800,000 ($604,000) in common shares of Premium Brands, according to a report in Food Business News. Belmont, which reports annual sales of approximately C$120 million ($91 million), produces burger […]
USA: Amazon to operate bricks and mortar convenience stores – reports
E-commerce giant Amazon is looking to push further into the FMCG space by opening physical stores to sell grocery products, according to a report in the Wall St Journal. Quoting “people familiar with the matter”, the news outlet reports that, under the plans, groceries such as fresh produce, milk, meat and other perishable goods would be […]
USA: Coca-Cola to acquire SABMiller’s former stake in Coca-Cola Beverages Africa
Coca-Cola, the global soft drinks firm, has announced that it has decided to exercise its right to acquire the stake in Coca-Cola Beverages Africa, Africa’s largest bottling company, formerly held by brewing firm SABMiller. Coca-Cola said that the decision was made as a result of the acquisition of SABMiller by AB InBev, adding that it […]